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GSummit SF 2014 - Does the prize purse matter? Driving revolution through competition with XPRIZE by Eileen Bartholomew @ebartholomew
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GSummit SF 2014 - Does the prize purse matter? Driving revolution through competition with XPRIZE by Eileen Bartholomew @ebartholomew

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  • 1. EILEEN BARTHOLOMEW, SVP PRIZES GSUMMIT, 2014
  • 2. 2
  • 3. 3
  • 4. 4
  • 5. • Fly 100 km altitude • Twice in 2 weeks • 3 person crew • Privately funded
  • 6. ARCA SPACE TRANSPORT DAVINCI PROJECT CANADIAN ARROW ROCKETPLANE ARMADILLO AEROSPACE STARCHASER PABLO DELEON SCALED COMPOSITES • 26 teams • From 7 nations • Spending > $100 million
  • 7. 9
  • 8. 10 XPRIZE PORTFOLIO Awarded $23.4 Million Active $52.2 Million
  • 9. 11 PRIZES ARE POWERFUL TOOLS FOR INNOVATION • Encourage new thinkers & approaches • Pay only for successful outcomes • Provide significant financial leverage •…It’s not just about the purse
  • 10. 12p. | NAME OF PRESENTATION, DATE
  • 11. 13 Capital Markets Resources Interesting Work Legitimacy Community Glory
  • 12. 14 CAPITAL
  • 13. 15 MARKETS
  • 14. 16 RESOURCES
  • 15. 17 INTERESTING WORK
  • 16. 18 LEGITIMACY
  • 17. 19 COMMUNITY
  • 18. 20 GLORY
  • 19. 21 DESIGNING A GREAT PRIZE 1.Offer a sufficient purse 2.Design for after the prize is won 3.Define a difficult but achievable target 4.Offer a clear measure of success 5.Entice broad communities 6.Make it rewarding and simple for teams 7.Have a media-friendly winning moment and tell great stories along
  • 20. WHAT DO YOU PRIZE?